USD weakness, Fed waits for data

Forex News and Events US: Fed waits for more data The Federal Reserve are still awaiting more supportive data for a further rate hike. Today’s data, September retail sales and PPI will be closely watched. Consumption is expected to increase by 0.2%, while the production index should decline by 0.2%. These figures will be essential to predict inflation - the key factor for a rate hike. Last month, data was disappointing, but upward revisions still leave some room for further improvement.

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